Search Results - subject:"Inflation Convergence"

Attitudes Towards Inflation and the Viability of Fixed Exchange Rates : Evidence from the EMS

Collins, Susan M.; Giavazzi, Francesco - 2021

History provides us with many examples of multiple country fixed exchange rate regimes that have eventually fallen apart. In light of these failures, why has the EMS been so successful in stabilizing exchange rates among members, and in expanding its membership? This paper argues that one key...

Persistent link: https://www.econbiz.de/10013249159

Exchange Rates and Prices

Dornbusch, Rudiger - 2021

The appreciation of the U.S. dollar over the past five years opens important areas of research. The fact of a large and persistent real appreciation poses a challenge for equilibrium theorists to uncover the change in fundamentals and seems to support the role of long-term wage contracts in...

Persistent link: https://www.econbiz.de/10013230206

International Transmission Under Bretton Woods

Stockman, Alan C. - 2021

This paper explores the main channels of international transmission of economic disturbances under the Bretton Woods System and presents evidence on the short-run international transmission of inflation under that system. There appears to have been little short-run international transmission of...

Persistent link: https://www.econbiz.de/10013233746

Inflation Convergence over Time : Sector-Level Evidence within Europe

Yilmazkuday, Hakan - 2021

This paper investigates inflation convergence among European countries by using sector-level data for the period … is useful to analyze changes in inflation convergence and the corresponding speed of convergence over time. The results … suggest evidence for inflation convergence for the majority of sectors within Europe, although disruptions have been …

Persistent link: https://www.econbiz.de/10013215887

Exchange Rates as Nominal Anchors

Edwards, Sebastian - 2021

This paper discusses the use of nominal exchange rates as nominal anchors in stabilization programs. The first part deals with the dynamics of inflation in highly indexed economies. It is shown that credible exchange rate anchors will reduce the degree of inflationary inertia. However, if some...

Persistent link: https://www.econbiz.de/10013216865

Imported Inflation 1973-74 and the Accommodation Issue

Cagan, Phillip - 2021

The purpose of the present study is to measure the amount of price increase that the proposals for accommodation required in 1973-74. Presumably such an estimate of the amount could be made in time to act on it. Whether accommodation is a desirable policy is not addressed here. Consistently...

Persistent link: https://www.econbiz.de/10013212604

Excess Capacity, Monopolistic Competition, and International Transmission of Monetary Disturbances

Svensson, Lars E. O.; Wijnbergen, Sweder van - 2021

A stochastic two-country neoclassical rational expectations model with sticky prices -- optimally set by monopolistically competitive firms -- and possible excess capacity is developed to examine international spillover effects on output of monetary disturbances. The Mundell-Fleming model...

Persistent link: https://www.econbiz.de/10013243388

Determinants of inflation expectations

Moessner, Richhild - 2021

This paper analyses the determinants of short-term inflation expectations based on surveys of professionals, using dynamic cross-country panel estimation for a large number of 34 OECD economies. We find that food consumer price inflation and depreciations of the domestic exchange rate have...

Persistent link: https://www.econbiz.de/10012745238

One-stop source: a global database of inflation

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2021

This paper introduces a global database that contains inflation series: (i) for a wide range of inflation measures (headline, food, energy, and core consumer price inflation; producer price inflation; and gross domestic product deflator changes); (ii) at multiple frequencies (monthly, quarterly...

Persistent link: https://www.econbiz.de/10012584053

One-stop source : a global database of inflation

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2021

Persistent link: https://www.econbiz.de/10012586489